Local real estate firm declares acquisition of old Macy’s building
A Seattle-based real estate organization has bought the historic Macy’s building in downtown Seattle.
Urban Renaissance Group LLC and KKR reported the procurement of the 77,000 sq. ft. eight-story building situated at 300 Pine Street on Thursday.
Business Wire reports the firm will revamp the ground-level retail space and the top floor office spaces including a new entrance to the office spaces on fourth Avenue. The redesigned building will likewise incorporate a 20,000 sq. ft. rooftop deck and will feature architectural designs from the 1920’s era department stores.
The remodeled ground-level retail space will be named “The Bon Marché Collective” to honor the building’s history. It will have a few retail suites included space for a potential food hall.
Victrola Coffee will stay at the building’s southwest corner along third Avenue.
The art-deco style building was developed in 1929 and was home to Seattle’s Bon Marché department store. In 2015, at that point proprietor Macy’s sold the upper six levels for office space, Business Wire reports. The department store shut toward the start of 2020.